Entrepreneurship for Kids Worksheet: Needs and Wants

Entrepreneurship lesson 2: Needs and wants · Set 503 · 40 questions

Business tip (Must have or nice to have?): Need = must have to live, stay healthy, safe or go to school (water, food, shoes, medicine, uniform, bus fare). Want = nice to have, but we can live without it (games, gadgets, extra shoes, sweets every day). Season changes what people need: umbrellas in the monsoon, warm drinks in winter.

1. 1.🛒 Need or want: soap? (a) a want (b) a need
2. 2.🔍 Which is the odd one out? (a) rice and dal (b) a warm blanket (c) notebooks for school (d) a fancy phone cover
3. 3.🛒 Need or want: a glitter pen set? (a) a want (b) a need
4. 4.🛒 Need or want: a bigger TV? (a) a need (b) a want
5. 5.🛒 Need or want: a toy robot? (a) a need (b) a want
6. 6.🔍 Which is the odd one out? (a) a school uniform (b) a party dress (c) a bigger TV (d) sweets every day
7. 7.🍱 A tiffin service mostly meets which? (a) a need: food (b) a want: toys (c) a want: games (d) nothing at all
8. 8.Which of these is a need? (a) a bigger TV (b) a toy robot (c) a school uniform (d) a fancy phone cover
9. 9.Which of these is a need? (a) designer sunglasses (b) a fancy phone cover (c) medicine when ill (d) a video game
10. 10.True or false: “a video game” is a want. (a) True (b) False
11. 11.Which of these is a need? (a) a fancy phone cover (b) bus fare to school (c) sweets every day (d) a party dress
12. 12.🛍️ Why do businesses that meet needs often sell all year? (a) needs are always free (b) people always need them (c) nobody buys needs (d) needs are toys
13. 13.💡 A need is something… (a) nice but not needed (b) made of plastic (c) only rich people buy (d) we must have to live
14. 14.Which of these is a need? (a) drinking water (b) designer sunglasses (c) a sticker album (d) a video game
15. 15.True or false: “a glitter pen set” is a want. (a) False (b) True
16. 16.🎯 A want can still be a good business when… (a) nobody likes it (b) it breaks the rules (c) many people want it (d) it is not safe
17. 17.True or false: “a fancy phone cover” is a need. (a) False (b) True
18. 18.Which of these is a want? (a) designer sunglasses (b) drinking water (c) a roof over your head (d) notebooks for school
19. 19.🔍 Which is the odd one out? (a) a roof over your head (b) a party dress (c) bus fare to school (d) notebooks for school
20. 20.True or false: “school shoes” is a need. (a) False (b) True
21. 21.True or false: “soap” is a need. (a) False (b) True
22. 22.Which of these is a want? (a) notebooks for school (b) a party dress (c) soap (d) rice and dal
23. 23.🛒 Need or want: a school uniform? (a) a need (b) a want
24. 24.🔍 Which is the odd one out? (a) a toy robot (b) a party dress (c) designer sunglasses (d) rice and dal
25. 25.🔍 Which is the odd one out? (a) sweets every day (b) drinking water (c) a glitter pen set (d) a party dress
26. 26.🛒 Need or want: a warm blanket? (a) a want (b) a need
27. 27.True or false: “a third pair of shoes” is a need. (a) False (b) True
28. 28.🔍 Which is the odd one out? (a) a roof over your head (b) sweets every day (c) a party dress (d) a fancy phone cover
29. 29.🛒 A family has little money. What should it buy first? (a) the most fun thing (b) the needs (c) the wants (d) the costliest thing
30. 30.Which of these is a want? (a) drinking water (b) soap (c) a toy robot (d) school shoes
31. 31.Which of these is a need? (a) rice and dal (b) a third pair of shoes (c) designer sunglasses (d) a video game
32. 32.True or false: “a bigger TV” is a need. (a) True (b) False
33. 33.🔍 Which is the odd one out? (a) school shoes (b) soap (c) drinking water (d) a video game
34. 34.🔍 Which is the odd one out? (a) medicine when ill (b) a bigger TV (c) a toy robot (d) sweets every day
35. 35.🛒 Need or want: medicine when ill? (a) a want (b) a need
36. 36.Which of these is a need? (a) a sticker album (b) a toy robot (c) school shoes (d) a fancy phone cover
37. 37.Which of these is a want? (a) bus fare to school (b) notebooks for school (c) a glitter pen set (d) rice and dal
38. 38.🔍 Which is the odd one out? (a) soap (b) a glitter pen set (c) a roof over your head (d) medicine when ill
39. 39.True or false: “bus fare to school” is a want. (a) True (b) False
40. 40.Which of these is a want? (a) a school uniform (b) a fancy phone cover (c) rice and dal (d) a warm blanket

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